Good news! This year we get a few extra days to file our tax returns – until April 18th (19th in MA and MN).
But what’s if you’re just not ready?
Relax. File an extension – no excuses needed.
You get an extra ... Read More
Today TaxMama® wants to bring wasted refunds to your attention. The IRS keeps sending out announcements that refunds are expiring. People keep ignoring those announcements, thinking that this doesn't apply to them.
(more…) ... Read More
TaxMama® and Ken Jeffries interview:
LISTEN TO PODCAST:
Ken: It’s TaxQuips Time from TaxMama.com . Today TaxMama covers deductible mileage.
What kinds of mileage are deductible by individuals and businesses?
TaxMama: Actually, there are four ways to take advantage of vehicle-related deductions:
... Read More
Today’s TaxQuip is sponsored by X-Acto electric pencil sharpeners.
As you might have guessed, my favorite classes in school were my English classes, where we got to write compositions, essays, analyze newspaper articles and editorials. The best teachers I knew were ... Read More
A first home?
Today TaxMama® hears from Emily in the TaxQuips Forum with an excellent question. “I’m 35 years old and taking money out of an IRA for a down payment on my house. I am not a first time homebuyer ... Read More
Today TaxMama® hears from Jeff in the TaxQuips Forum with a very common type of problem. Let me paraphrase.
“My wife had a traditional IRA at Vanguard and we rolled it over to another company where I set up the account ... Read More
Today TaxMama® hears from Melissa in the TaxQuips Forum. “I was granted innocent spouse relief after my divorce in 2013. Yet when I filed my taxes this year, I didn’t get my refund and received no info on why; or ... Read More
When I started teaching the IRS Practice Series at CPE Link, I needed an easy way to prepare my pro-forma collections forms.
It was especially important to have a tool that would integrate the most current National Standards, exclusions from assets, ... Read More
October 15th is the annual filing deadline for all personal income tax returns. This year, some (un)lucky folks in several disaster areas around the country have extra time to file – as long as they were wise enough to put ... Read More
Today TaxMama® hears from Rick in the TaxQuips Forum.
Let me summarize his issue. He just learned that he is getting a $9,000 1099MISC for items he receives to review. He can’t use most of those things, but he’s not ... Read More